India, Aug. 30 -- No, Steam is not shutting down. There has been no announcement from Valve saying that the gaming platform is closing. Recent searches about Steam shutting down have sparked confusion, mainly because some smaller Steam services, including Steam for Chromebook, have been discontinued. Here's what is really happening.

The real news is close to the opposite of a shutdown, Valve is in the middle of its biggest hardware expansion ever, according to Indie for games. August 24, 2026 marked Valve's 30th anniversary, since the company was founded on that date in 1996 by Gabe Newell and Mike Harrington. Anniversaries tend to bring a wave of retrospective posts, which can be easily misread at a glance.

The Steam Machine console st...